About this propertyMLS® 1304299
Located in the East End, near major shopping and convenient highway access, this two-apartment home offers an excellent opportunity for investors or homeowners looking to supplement their mortgage with rental income. The spacious main unit features three bedrooms, a large living room and eat in kitchen, plus a rec-room and separate laundry, providing ample room for comfortable everyday living. The two bedroom basement apartment adds versatility and income potential. Outside, the paved driveway provides parking for two cars, while the level lot allows for a large backyard. As per the Sellers Direction there will be no conveyance of offers until 4:00pm on November 3rd, 2026 and offers are to remain open for consideration until 9:00pm on November 3rd, 2026. (id:56688)
Property details
Coordinates: [47.611443, -52.725634]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Not known Not known Recreation room Laundry room | 4pc 8.9x5.4 null 11.10x11.1 null 8.7x7.6 null 16.8x8.8 null 13.6x8.8 null 11.10x11.3 null 9.1x5.2 null |
| Main level | Bedroom Primary Bedroom Bedroom Bath (# pieces 1-6) Eat in kitchen Living room Porch | 8.11x9.6 null 13.8x11.10 null 9.6x8.11 null 4pc 18.1x11.1 null 15.5x11.9 null 8.1x6.7 null |
Basic Calculator
First Mortgage: $287,920
Mortgage insurance premium: $0
Total Financing: $287,920
Rough closing fee (1.5%): ~ $5,399
Total downpayment with estimated closing fee: $77,379
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,592 | $31,104 |
| Gross rental income (income/principal ratio) | 0.720% | 8.642% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $450 | $5,400 |
| Vacancy | $130 | $1,556 |
| Management Fee | $208 | $2,489 |
| Expense / Income Ratio | 17.36% | 17.36% |
| Cash Flow | $1,806 | $21,672 |
| Net Operating Income (NOI) | $1,806 | $21,672 |
| Capitalization Rate | 0.50% | 6.02% |
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